End of June 2022, a Panel of Independent International Experts (the Panel), consisting of three renowned international law experts, including Sonja Biserko, Marzuki Darusman and Stephen Rapp, launched...
Tag: India
Crypto Lobby Group in India Abruptly Shut Down, Member Confirms – crypto.news
The Blockchain and Crypto Assets Council (BACC), India’s crypto industry lobby group, has suddenly announced that it’s ceasing its operations after five years. Crypto Growth Advocacy in India Accordin...
India Adds Another Crypto Unicorn Just as Rules Start to Tighten
Indian blockchain network 5ire has become the country’s latest crypto unicorn after securing $100 million in series A funding. The startup received funding from UK-based conglomerate SRAM & MRAM f...
India: BACC ceases to exist because of these reasons
The Blockchain and Crypto Assets Council (BACC) will no longer exist, according to the Internet and Mobile Association of India (IAMAI). The BACC is being disbanded. According to a statement from the ...
India Shuts Down Blockchain and Crypto Assets Council Citing Compliance
The Internet and Mobile Association of India (IAMAI) will dismantle the Blockchain and Crypto Assets Council (BACC) in what is being considered a massive blow to the only representative body for the d...
LBank Initiates Charity for Children in India To Support Their Academic Pursuits
Top cryptocurrency exchange, LBank, contributes to the local group — Rock and Anchor, to aid children in rural India.This charity initiative spurs from the exchange’s magnanimous effort to reach sever...
Despite Their Thirst For Oil, China And India Will Never Depend On Russia
China’s President Xi Jinping (L) and his Russian counterpart Vladimir Putin (R) attend the opening … [+] ceremony of “The Year of Chinese Tourism in Russia” in Moscow, on March...
A Specialty Hot Sauce/Spice Shop Flourishes In Booming Kingston, New York
About 90 miles north of New York City, Kingston, N.Y., a once gritty city of about 23,000 people, has been bouncing back, fueled by second-home and transplanted New Yorkers who can now work from home....
Investors Duped In Major Crypto Scam In India
Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase in awareness about the same. India has been fascinated ...
Trading Volumes Fall Sharply as a New Crypto Tax Is Introduced in India – crypto.news
The introduction of a new crypto tax in India (even though is just 1%) has caused the maximum outflow of traders from the country, thus, threatening the sustainability of four major exchanges in the c...
India is investigating crypto exchanges compliance to foreign exchange laws
India’s Directorate of Enforcement has sent notices to crypto exchanges to determine whether they violated the country’s Foreign Exchange Management Act (FEMA), Economic Times India reported. Accordin...
Crypto Trading Volumes In India Sink Due To Heavy Taxation, What’s Ahead?
Cryptocurrency trading is taking another pattern and shape in India due to the implementation of taxation laws. As a result, the traders are experiencing a different turn in their transactions lately ...
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit – Economics Bitcoin News
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are f...
More Trouble For India Crypto Ecosystem With Latest Enforcement Order
While the plummeting trading volumes have already put Indian exchanges in a bad state, the country’s authorities made another move. India crypto space is under strict vigilance from authorities. The c...
India: The full scope of what’s actually in store for exchanges after 1%TDS
The 30% crypto income tax policy came into effect in India in February 2022. The country’s finance minister Nirmala Sitharaman described the tax law as another step toward positive crypto regulations....
England complete record chase to draw India series
England’s Jonny Bairstow, following a slightly nervy spell in the 90s, eventually brought up a fine hundred. Geoff Caddick | Afp | Getty Images Joe Root and Jonny Bairstow both scored majestic h...
India: arrested gang that was using cryptocurrencies
A gang of scammers who used to convert stolen funds into cryptocurrencies has been arrested in New Delhi, India. The scam in India that used cryptocurrencies To complete the deception, the scammers u...
India: Crypto-exchange volumes are falling, but for how long
Global crypto-holders suffered a lot during the crypto-winter. In fact, the global market cap of cryptocurrencies even dropped below $1 trillion. This is a far cry from the peak in November 2021 when ...
New TDS Rules, An Issue For India Crypto Investors? – Coinpedia – Fintech & Cryptocurreny News Media
The rules regarding Tax deductible at source (TDS) on virtual digital assets (VDAs) and cryptocurrencies are effective from July 1, 2022. According to the rules, it is mandatory for the buyer of VDA t...
Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: “We must be mindful of the emerging risk...
Steep Crypto Tax Causes Brain Drain From India To Dubai And Singapore
The crypto companies are relocating to Dubai and Singapore in search of a more favorable industry and supportive infrastructure. The Great Indian Crypto Brain Drain The crypto industry in India is su...
The Low-Profile Billionaire Who Makes Big, Fat Profits Selling Ethnic Garments For Big, Fat Indian Weddings
Ravi Modi is the chairman and managing director of Vedant Fashions. Courtesy of Vedant Fashions Indians, whether rich, middle-class or poor, spend a fortune on their weddings, which are often celebrat...
First Solar Rejects US Site for New Factory, Eyes Europe or India Instead
(Bloomberg) — First Solar Inc. has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives. Most Read from Bloomberg The biggest US solar...
India Forced to Ship In Gasoline, Diesel as Shortages Arise
(Bloomberg) — Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading gasoline and die...
Soaring Demand For Specialty Chemicals Produces India’s Newest Billionaire
Ashwin Desai is the founder and managing director of Aether Industries. Courtesy of Aether Industries Ashwin Desai’s listing of his Surat, India-based specialty chemicals maker Aether Industries this ...
Billionaire Pallonji Mistry, Indian Construction Pioneer, Dies At 93
Pallonji Shapoorji Mistry Vikas Khot/IndiaPictures/Universal Images Group via Getty Images India-born billionaire industrialist Pallonji Mistry, who died on Tuesday at age 93, led the 156-year-old Sha...
400+ Crypto Advertisements Violate Guidelines in India — ‘Some Influencers Talk About Crypto Without Understanding It’ – Regulation Bitcoin News
The Advertising Standards Council of India (ASCI) has reportedly revealed that more than 400 crypto ads violated its guidelines so far this year. The majority of complaints the ad council received are...
Why one stock brokerage is bullish on Reliance Industries and Infosys
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunicat...
‘JugJugg Jeeyo’ Earns $4.7 Million In Three Days
Actos Varun Dhawan, Kiara Advani, Neetu Singh and Anil Kapoor attend the ‘Jug Jugg Jeeyo’ film … [+] trailer launch on May 22, 2022 in Mumbai, India (Photo by Prodip Guha/Getty Image...
Tax Rates To Cap At 28% As India Calls For Crypto Transaction Tax Meeting ⋆ ZyCrypto
Advertisement     The Indian government has scheduled a panel meeting with its ministers to discuss tax rates within the country, with a potential 28% increase as repo...
Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery
Adani Group Chairman, Gautam Adani addresses the media in Ahmedabad on July 21, 2009. AFP via Getty Images Adani Enterprises—controlled by Gautam Adani and his family—is pushing ahead with plans to bu...